Construction giant EllisDon has had to shift focus multiple times since the pandemic amid changes in demand for large projects. Read on.
BuildForce Canada, a national industry-led organization that provides labour market information on the construction sector, released an outlook report on the construction labour market in early May, noting the additional challenge of recruiting from a shrinking labour force after the COVID-19 pandemic.
That sluggish labour force growth, along with supply chain disruptions, contributed to recruiting challenges for the red-hot sector, which had led some builders to defer or evenas they sought to fill record-high job vacancies. And the situation has yet to improve, Smith said. More recently, high interest rates have continued to make conditions difficult for developers as less private investment comes in, slowing the tide of investment in high-rise mixed-use residential buildings, Smith said. And so they’ve had to pivot again, this time toward the public sector and building social infrastructure such as hospitals, transit and other big civil infrastructure.
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